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Analysts said the move was in line with market expectations, and there is still policy room for further cuts of interest rates and reserve requirement ratios to keep ample liquidity and support smaller companies.

Analysts say the action on joint ownership of companies is significant because, until now, the rules have limited carmakers' appetite for investing in China.

Analysts said the phrase "or higher", used in the report, is a new expression that may indicate a willingness to raise the level later if necessary.

An online cartoon-making company publicly apologized to the family of Ye Ting, a former military leader, for making a video clip that harmed Ye's reputation. The compensation it was ordered to pay will be donated to a foundation.

Andrea Manca from the University of York says: "It's important to remember that a healthy population produces more, increases the economy, and puts less burden on the healthcare system. So, a country's budget can be invested in other areas with research or investment priorities."